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Office # 102, Nafees Arcade, Opposite Askari Park, University Road, Karachi, Pakistan.
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Internal audit services

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The standards are principles on which practice of internal auditing is based. They are part of IPPF and applicable to every environment and organization. Whether services are in-sourced or outsourced, these standards must be understood and appropriately applied by the internal audit professionals.

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Farzan Enterprises is an FMCG company. Their board consists of 4 members whereas they also have quite a few experienced senior management staff. The company finally agreed to hire A. S. Sharif & Co. (an internal audit firm). Who will decide the nature of work related to assurance and consulting services?

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